# **REGISTERED COMPANY NUMBER: CE012800 (England and Wales) REGISTERED CHARITY NUMBER: 1176474**
## Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
WOW Youth Musical Theatre CIO
A Hunter & Co Ltd Chartered Certified Accountants 61 St Thomas Street Weymouth Dorset DT4 8EQ
WOW Youth Musical Theatre CIO
Contents of the Financial Statements for the Year Ended 31 March 2024
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5 to 6|
|Notes to the Financial Statements|7 to 12|
|Detailed Statement of Financial Activities|13 to 14|
WOW Youth Musical Theatre CIO
## Report of the Trustees
## for the Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and activities**
In planning activities for the year, we considered the Charity Commission's guidance on public benefit. The core focus of our activities remains to offer young people, aged 10 to 18, opportunities to develop their life skills and talent through the art of musical theatre, performed to the highest standards. We have a limited number of places each year for new members and these are selected at audition, having only regard to their ability to sing, dance and act. We work to ensure that financial circumstances are not a barrier to joining WOW or participating in our activities.
WOW's Trustees give freely of their time to enable rehearsals and productions to happen. Additional volunteers provide invaluable support in areas such as fundraising, costumes and backstage.
WOW continues to be affiliated to the Dorset Youth Association, which provides helpful advice as well as access to the Disclosure and Barring Service for checks on our volunteers.
## **Main activities**
WOW celebrated its 40th anniversary in 2022 with a production of 'Grease the Musical' in April and a compilation 'WOW Show' in November, both directed and choreographed by Martine Burt. The 40th Anniversary WOW Show received four National Operatic and Dramatic Association award nominations for the Southwest region and won the award for Company Movement and Dance.
Bucket collections from these two shows enabled WOW to donate £340 to the United Nations Children's Fund and £300 to the Young Minds mental health charity. WOW's cabaret group also performed in support of local charities including, Weymouth Rotary's Fayre in the Square, Weymouth and Portland Lions' Club Christmas Show and the Multiple Sclerosis Society.
WOW continued to provide free loans of professional sound equipment to schools for their performances, saving them significant hire fees. Current and former WOW members also benefitted from free access to our studio to rehearse and record pieces for their courses and College auditions.
WOW improved ventilation in the building with the installation of four roof lights in the rehearsal space and the repair of the downstairs sash windows. This work was undertaken to reduce the risk of transmission of COVID-19 and other airborne viruses and to help protect everyone's health.
## **Financial 2022/2023**
Income of £84,118 from the two shows accounted for 85 per cent of WOW's incoming resources of £98,478. Spending of £74,053 on core charitable creative activities, principally production costs, including advertising, accounted for 75 per cent of the total expenditure of £95,023. A significant proportion of the £10,385 spent on repairs and maintenance was to improve ventilation in the building for a healthier working environment. WOW's net income for the period was £3,455.
Page 1
WOW Youth Musical Theatre CIO
## Report of the Trustees
for the Year Ended 31 March 2024
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
CE012800 (England and Wales)
## **Registered Charity number**
1176474
## **Registered office**
18 Southill Garden Drive Weymouth Dorset DT4 9UP
## **Trustees**
A McKechan Miss Z Stockley Mrs J Stockley Mrs N Brunell Mrs J Hurdiss R Pattinson Mrs K Purnell Ms S Lucken Ms M Moore Ms L J B Baldwin
## **Company Secretary**
## **Independent Examiner**
A Hunter & Co Ltd Chartered Certified Accountants 61 St Thomas Street Weymouth Dorset DT4 8EQ
Approved by order of the board of trustees on 7 January 2025 and signed on its behalf by:
A McKechan - Trustee
Page 2
Independent Examiner's Report to the Trustees of WOW Youth Musical Theatre CIO
## **Independent examiner's report to the trustees of WOW Youth Musical Theatre CIO ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Alison Hunter
A Hunter & Co Ltd Chartered Certified Accountants 61 St Thomas Street Weymouth Dorset DT4 8EQ
7 January 2025
Page 3
WOW Youth Musical Theatre CIO
## Statement of Financial Activities for the Year Ended 31 March 2024
|31.3.24
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
12,657
**Charitable activities**
General
520
Other trading activities
2
129,525
Investment income
3
545
**Total**
143,247
**EXPENDITURE ON**
Raising funds
51
**Charitable activities**
General
124,257
**Total**
124,308
**NET INCOME**
18,939
**RECONCILIATION OF FUNDS**
Total funds brought forward
201,857
**TOTAL FUNDS CARRIED FORWARD**
220,796|31.3.23
Total
funds
£
10,346
800
87,275
57
98,478
989
94,034
95,023
3,455
198,402
201,857|
|---|---|
The notes form part of these financial statements
Page 4
WOW Youth Musical Theatre CIO
## Balance Sheet
## 31 March 2024
|31.3.24
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
7
141,024
**CURRENT ASSETS**
Debtors
8
15,319
Cash at bank and in hand
65,126
80,445
**CREDITORS**
Amounts falling due within one year
9
(673)
**NET CURRENT ASSETS**
79,772
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
220,796
**NET ASSETS**
220,796
**FUNDS**
10
Unrestricted funds
220,796
**TOTAL FUNDS**
220,796|31.3.23
Total
funds
£
141,930
7,185
53,333
60,518
(591)
59,927
201,857
201,857
201,857
201,857|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
- The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 5
continued...
WOW Youth Musical Theatre CIO
## Balance Sheet - continued
## 31 March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 7 January 2025 and were signed on its behalf by:
A McKechan - Trustee
The notes form part of these financial statements
Page 6
WOW Youth Musical Theatre CIO
Notes to the Financial Statements for the Year Ended 31 March 2024
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 7
continued...
WOW Youth Musical Theatre CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
|**2.**
**OTHER TRADING ACTIVITIES**
Fundraising events
Shop income
The WOW Show
Grease
Jamie
Matilda
Oliver
Footloose
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|31.3.24
£
3,039
153
-
-
36,652
18,195
71,426
60
129,525
31.3.24
£
545
31.3.24
£
906|31.3.23
£
2,100
1,057
28,361
55,757
-
-
-
-
87,275
31.3.23
£
57
31.3.23
£
1,066|
|---|---|---|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Page 8
continued...
WOW Youth Musical Theatre CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
||Unrestricte|
|---|---|
||fund|
||£|
|**INCOME AND ENDOWMENTS FROM**||
|Donations and legacies|10,346|
|**Charitable activities**||
|General|800|
|Other trading activities|87,275|
|Investment income|57|
|**Total**|98,478|
|**EXPENDITURE ON**||
|Raising funds|989|
|**Charitable activities**||
|General|94,034|
|**Total**|95,023|
|**NET INCOME**|3,455|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|198,402|
|**TOTAL FUNDS CARRIED**||
|**FORWARD**|201,857|
|||
Page 9
continued...
WOW Youth Musical Theatre CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
|**7.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 April 2023 and 31 March 2024
135,433
12,335
**DEPRECIATION**
At 1 April 2023
-
6,293
Charge for year
-
906
At 31 March 2024
-
7,199
**NET BOOK VALUE**
At 31 March 2024
135,433
5,136
At 31 March 2023
135,433
6,042
**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Accrued expenses
**10.**
**MOVEMENT IN FUNDS**
At 1.4.23
£
**Unrestricted funds**
General fund
201,857
**TOTAL FUNDS**
201,857|Computer
equipment
£
455
-
-
-
455
455
31.3.24
£
15,319
31.3.24
£
(1)
674
673
Net
movement
in funds
£
18,939
18,939|Totals
£
148,223
6,293
906
7,199
141,024
141,930
31.3.23
£
7,185
31.3.23
£
-
591
591
At
31.3.24
£
220,796
220,796|
|---|---|---|
Page 10
continued...
WOW Youth Musical Theatre CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **10. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
143,247
(124,308)
**TOTAL FUNDS**
143,247
(124,308)
**Comparatives for movement in funds**
Net
movement
At 1.4.22
in funds
£
£
**Unrestricted funds**
General fund
198,402
3,455
**TOTAL FUNDS**
198,402
3,455
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
98,478
(95,023)
**TOTAL FUNDS**
98,478
(95,023)|Movement
in funds
£
18,939
18,939
At
31.3.23
£
201,857
201,857
Movement
in funds
£
3,455
3,455|
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.22
£
198,402
198,402|Net
movement
in funds
£
22,394
22,394|At
31.3.24
£
220,796
220,796|
|---|---|---|---|
Page 11
continued...
WOW Youth Musical Theatre CIO
## Notes to the Financial Statements - continued for the Year Ended 31 March 2024
## **10. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
241,725
241,725|Resources
expended
£
(219,331)
(219,331)|Movement
in funds
£
22,394
22,394|
|---|---|---|---|
## **11. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 March 2024.
Page 12
WOW Youth Musical Theatre CIO
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
Donations
Subscriptions
**Other trading activities**
Fundraising events
Shop income
The WOW Show
Grease
Jamie
Matilda
Oliver
Footloose
**Investment income**
Deposit account interest
**Charitable activities**
Hall Hire
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Purchases
**Charitable activities**
Show Production costs
Rehearsal Pianist
Music Scores and Costumes
**Support costs**
**Management**
Advertising|31.3.24
£
-
5,682
6,975
12,657
3,039
153
-
-
36,652
18,195
71,426
60
129,525
545
520
143,247
51
106,470
-
-
106,470
-|31.3.23
£
(1)
3,447
6,900
10,346
2,100
1,057
28,361
55,757
-
-
-
-
87,275
57
800
98,478
989
69,274
1,749
127
71,150
168|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
WOW Youth Musical Theatre CIO
|Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
**Management**
**Finance**
Bank charges
**Information technology**
Repairs and renewals
**Human resources**
Depreciation of tangible fixed assets
**Other 2**
Rates and water
Insurance
Advertising
Light and heat
Telephone
Postage and stationery
Hall Cleaning
Repairs and Maintenance
Rent
**Other 3**
Sundries
Gifts and Donations
**Governance costs**
Sundries
Accountancy and legal fees
Total resources expended
**Net income**|31.3.24
£
203
21
906
228
3,082
140
2,934
600
24
75
6,923
360
14,366
932
770
1,702
169
420
589
124,308
18,939|31.3.23
£
145
-
1,066
77
2,273
2,903
2,033
309
597
512
10,385
360
19,449
687
970
1,657
-
399
399
95,023
3,455|
|---|---|---|
This page does not form part of the statutory financial statements
Page 14